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20121129
20121207
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CNBC 2
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MSNBC 1
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Search Results 0 to 10 of about 11 (some duplicates have been removed)
of president obama there's no end in sight. if he's serious about tackling the debt, he'd be talking about reining in spending, but he's hell-bent on one thing, raising your taxes. by the way, don't dare thing for one minute, or believe the hype, that this is only going to affect the so-called rich. this white house is willing to put any and all tax breaks on the table, including letting the payroll tax cut expire. that would move would affect all americans. watch this. >> there are many tax provisions that are expiring at the end of the year, and the president has said that the payroll tax cut, among others, should be on the table. you look at a permanent extension of the middle class tax cuts, the economic effects are different. >> sean: if the payroll tax cut is on the chopping block, nothing is safe. all americans, regardless of how much money you make, you'll be affected. joining us to give us the republicans' view on some of the things, somebody made headlines recently when he appeared to distance himself from a longstanding pledge to oppose efforts to raise taxes, and that's republi
knows, i believe that president obama knows that ain't going to happen. the debt ceiling vote's not going to go away. the new stimulus is not going to go away. the 4 to 1 revenues over spending cuts. there really are no real spending cuts. none of that stuff's going to work. they know that, neil. i mean, what about the art of negotiating and finding common ground? isn't there still some of that left alive in congress? >> larry, we're running a $1 trillion deficit a year. so any deal that doesn't start to make serious impact into that is not a deal worth doing. so yes, they should definitely negotiate. they should ask for real fundamental reforms to the entitlement system. we all know that's what we need. and if they got a deal that had some real reform in it, sure. they should be willing to give and take on such a deal. there's nothing like that that's likely to be on the table. and jumping is a lot better than a phony deal. >> why are you so pessimistic? before i come back to senator hutchson, obama started out pretty conciliatory. you're very pessimistic, neil. >> obama came
. candidate barack obama, identical about his law school debt. >> his convention speech as well. >> it's a little eerie. >> you can replace some of the words they're the same script. >> nancy, watching ryan and rubio try to get past 47% and they were both in a very, i think effective ways. very good speeches. >> used the phrase middle class 37 times in 30 minutes, what do you think that's about. >> errol, rubio and ryan are potentially the future of the party and you had what we watched on the senate floor yesterday a bunch of senate republicans with their tail between their legs hiding, worried about primary challenges because they might get rid of american sovereignty to the united nations over disabilities. >> it was a little depressing asking the world to get up to u.s. standards and do what we do as far as curb cuts and access and ability to get around, to suggest that this was somehow going to be bad for america was absurd and i think when we poll it, when you look at it as it starts to sink in, in the country, they'll see they are on the wrong side of yet another issue. >> quick
until the debt ceiling vote next year. president obama won't have it. the president is attacking the only leverage republicans have left. the president spoke to a group of ceos today and said that he will not negotiate if debt ceiling is going to be used as a hostage. >> i have to just tell you, that is a bad strategy for america, it is a bad strategy for your businesses, and it is not a game that i will play. so i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. because we've got to break that habit before it starts. >> treasury secretary tim geithner also made it very clear, this is no game. he spoke with cnbc about holding the line with tax increases for the top 2%. >> if republicans do not agree to that, is the administration prepared to go over the fis
and fast. >> reporter: president obama used his first interview since his re-election to drive home his insistence that key to the u.s. beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> reporter: but now the president does not. he says it wi
? >> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which was a really aggressive first offer. and then the republican s countered with a moderate reasonable plan exactly modeled after a proposal by erskine bowles. so if you're trying to handicap the negotiations, you'd have to concede that dana is on to something. >> really. so -- >> at least like the starting point. so basically the starting point for the republicans is what president obama probably would have viewed as a victory if they had the negotiation. >> yeah, he wanted another 400 supposed supposedly. how does simpson-bowles get to -- how does it raise revenue? what's the number that it raises? >> well, it depends because they have a bunch of different simpson-bowles plans. like in the bowles-simpson report, there are three different tax plans and then the thing that the republicans modeled after was something that bowles said in a hearing. >> it's interesting when you look at what these plans are laid
changed the rules. that happened in the progressive era. it happened against with roosevelt. obama is looking -- is taking a page out of their book. the two things he wants to do is number one, you mentioned before. no congressional approval of a debt ceiling, and second, and they're going to do this one, it looks like, unless some rational democratic senators come to their aid which is change the rules of the senate to make 51 votes all that is necessary to pass a bill in the united states senate. it will eliminate by and large the filibuster. >> every majority wants to do that. >> they're the only ones that will do it. they're threatening to do that. in fact, they're scheduled to vote to do that, to change the rules in a way that's never been done before. it's been threatened before, but nobody's ever pulled the trigger on it. it looks like they're willing to pull the trigger to get what they want which is a majority rule to be able to force things down the throats of the american people that they don't want. >> if he gets his revenue but makes no structural change in the way we
to the edge of the fiscal cliff. and house republicans had harsh words for president obama after he released a budget proposal suggesting more taxes, more spending. >> he wants the power to raise the debt ceiling without congressional approval and they cannot issue an edict like a monarchy, congress, congress, congress is in charge of the purse. the government has gone wild. >> dave: in that congressman's words has they become a monarchy, explaining from texas, congressman poe. >> good morning, dave. >> dave: how has this administration become like a monarchy? >> well, the president in his proposal basically said, turn everything over to me, give me the power or let me take the power to raise the debt ceiling, that seems to be quite arrogant on his part and if he's serious about it, they be what he's really saying is, i want to spend more money. that's how i want to solve the fiscal cliff problem, is spending more taxpayer money. so, the president doesn't have the authority to raise the debt ceiling, he shouldn't have the authority. congress, as you all mentioned earlier is in charge of the
Search Results 0 to 10 of about 11 (some duplicates have been removed)